How do we spend our free time?
Of course we stay at home, or close to it – as weekends away and leisure travels aren’t an option for now. Perhaps counterintuitively, data from Spotify shows that in some countries people are listening less to music than beforehand: there's no parties, no gym, less commuting after all. Some genres have become more popular however – this is the case for classical and ambient music.
Cinemas and the press risk exiting the coronavirus pandemic in a critical state, as consumption patterns have shifted dramatically to digital providers of films and news, possibly for good. While box office revenues are vanishing, Netflix reported a record-high 16 million new subscribers in the first quarter of 2020.
As a network of media outlets, we’re very interested in observing the impact of the pandemic on the media sector. Most of our members are digital-only, but everyone expects challenging times ahead – with revenues falling but readership increasing, the time has probably come for bolder business models.